Oil: We entered into negotiations with the companies to amend the previously signed contracts with them
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Oil: We entered into negotiations with the companies to amend the previously signed contracts with them
Admin Wed Jul 10, 2013 9:31 am
| [ltr]10-07-2013 11:31 AM[/ltr] | |
| [ltr] Baghdad (news) .. revealed and the Iraqi Oil Ministry said it has entered into negotiations with the oil companies operating in Iraq in order to modify the contracts signed with them previously. The general director of contracts and licenses oil Abdul Mahdi al-Amidi said in a statement (of the Agency news): The ministry entered into negotiations and discussions with the companies that are now developing the oil fields to modify the contracts signed with them earlier in order to reduce production, including Shell and Exxon Mobil. He added: that the ministry had previously signed with Lukoil on the First Amendment to cut production peak for West Qurna Phase II, noting that the process of reducing oil production comes in the framework of maintaining the oil reserves as long as possible in addition to the production needs to be great equipment and to Towers drilling many, as well as maintaining the stability of the oil market. / End / 3.'s. m / http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.4.hathalyoum.net/iraqnews.php%3Faction%3Dsit%26cd%3D2%26sid%3D249706&usg=ALkJrhgmXBob0QDbahJvyhWRVo9IEyVbBw |
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